Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/19624 
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dc.contributor.authorKnetsch, Thomas A.en
dc.date.accessioned2009-01-28T16:01:32Z-
dc.date.available2009-01-28T16:01:32Z-
dc.date.issued2005-
dc.identifier.urihttp://hdl.handle.net/10419/19624-
dc.description.abstractThe paper presents empirical work on short-run and long-run comovement between the German, French and Italian aggregates of private consumption, business investment, exports, imports, GDP, and changes in inventories. In country-specific data sets, cointegration analyses are carried out both to identify long-run economic relationships and to remove the trend components from the nonstationary series. Analytically, this is done by reparametrizing the vector error correction model in its common trends representation. The resulting (Beveridge-Nelson) trend and cycle components as well as the series of changes in inventories are analyzed with a focus on synchronicity. To measure crosscountry comovement at different frequencies, "cohesion", a summary statistic developed by Croux et al. [2001], is applied. Sampling variability and parameter uncertainty are captured by bootstrapped confidence intervals.en
dc.language.isoengen
dc.publisher|aDeutsche Bundesbank |cFrankfurt a. M.en
dc.relation.ispartofseries|aDiscussion Paper Series 1 |x2005,39en
dc.subject.jelE32en
dc.subject.jelC32en
dc.subject.ddc330en
dc.subject.keywordcointegrationen
dc.subject.keywordtrend-cycle decompositionen
dc.subject.keywordcohesionen
dc.subject.keywordbootstrapen
dc.subject.stwKonjunkturzusammenhangen
dc.subject.stwSozialprodukten
dc.subject.stwGesamtwirtschaftliche Nachfrageen
dc.subject.stwKointegrationen
dc.subject.stwSchätzungen
dc.subject.stwDeutschlanden
dc.subject.stwFrankreichen
dc.subject.stwItalienen
dc.titleShort-run and long-run comovement of GDP and some expenditure aggregates in Germany, France and Italy-
dc.typeWorking Paperen
dc.identifier.ppn504774891en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:bubdp1:4233en

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